Is Westlake Village, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Westlake Village was a Seller's Market.
Housing Prices in Westlake Village, CA
How much do homes in Westlake Village, CA cost?
Median Sold Price
$1,472,500
$632/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Westlake Village was $1,472,500 in February 2024, up 0.8% from last year, and the median price per square foot was $632.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $450K | $400K | -11.1% |
2 Bedrooms | $801K | $705K | -12.0% |
3 Bedrooms | $1.3M | $1.3M | +2.3% |
4 Bedrooms | $1.6M | $1.6M | -1.5% |
5+ Bedrooms | $2.6M | $2.2M | -13.1% |
Summary: Westlake Village housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 13.1%.
Median Sold Price Compared To Nearby Cities
Thousand Oaks | $1.0M | $1.0M | +4.0% |
Newbury Park | $944.9K | $961.5K | +1.8% |
Westlake Village | $1.4M | $1.4M | +0.8% |
Westlake Village | $1.4M | $1.3M | -3.3% |
Triunfo Pass-Point Mugu | $4.5M | $2.9M | -33.7% |
Housing Supply in Westlake Village, CA
How many homes are available in Westlake Village, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
94 | 90 | -4.3% |
Summary: The Westlake Village real estate market had 90 homes for sale in February 2024, a 4.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 23 | 17 | -26.1% |
4 Bedrooms | 39 | 41 | +5.1% |
5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Westlake Village housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 26.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
29 | 12 | -58.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Westlake Village in February 2024, down by 58.6% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Westlake Village, CA
How long does it take to sell a home in Westlake Village, CA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
70 Days | 60 Days | -13.3% |
Summary: Homes in Westlake Village had an average of 60 days on market in Feb 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 12 homes were sold in Westlake Village; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.